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J.P. Morgan Asset Administration’s newly printed 2024 information to retirement can give advisors a place to begin for conversations with shoppers on their progress in accumulating belongings all through their lives.
The information offers checkpoints, indicating how a lot traders at totally different earnings ranges ought to have put away for retirement at particular ages throughout their years in work.
J.P. Morgan’s researchers primarily based their mannequin on proprietary long-term capital market assumptions returns, and an 80% confidence stage. It assumes a ten% annual gross financial savings fee, with a objective of sustaining an equal way of life in retirement.
The mannequin describes portfolios as fairness/bond percentages: 60/40 pre-retirement and 40/60 after that. It assumes an inflation fee of two.5%.
The first earner within the mannequin is 65 at retirement, and his or her partner is 63. They’re assumed to spend 35 years in retirement.
See the gallery for the way a lot traders ought to have saved for retirement and 5 totally different ages, in keeping with J.P. Morgan’s checkpoints.
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